The main forces are frantically crashing the market, should we run or hold on?
Attention everyone! Over the past few days, the main forces have been pressing down on Bitcoin, and the data is indeed heart-wrenching—over the past half day, the main forces' sell orders have dumped 330 million US dollars, while buy orders only picked up 237 million, resulting in a net outflow of nearly 100 million!
At two critical times this morning, 9:55 and 10:44, the market manipulators continuously threw out large sell orders, clearly indicating they do not want the price to rise.
On the technical side, things have gotten even worse; the “Black Three Soldiers” death signal has emerged on the daily chart, with three large bearish candles directly piercing market confidence.
The KDJ indicator's death cross is like pressing the accelerator on a downward trend, and the 24-day and 52-day moving averages have also crossed into a death cross, making this technical threefold strike chilling to witness.
Even more alarming is the on-chain data showing that Binance Futures' funding rate is still oscillating in negative territory, indicating that the bears have no intention of letting up.
However, let's not be led by panic; the market manipulators' actions clearly have a whiff of a washout. Although the EMA moving averages are in a bearish arrangement, the price is still holding firm near the key support level. If it can maintain the psychological barrier of 60,000 dollars, there might be a chance for a rebound.
But remember, do not rush to catch the bottom! The market is like a powder keg, and any negative news could trigger a sharp drop.
As for the layout direction going forward, expecting a space of over 10 times is definitely feasible; follow and leave a message, and I'll guide you through the entire bull market!